Price Band Revision by BSE: Adani Total, Zomato, IRB Infra Included in List of 30 Plus Stocks

On Thursday, November 28, 2024, the Bombay Stock Exchange (BSE) announced a revision in the price bands for over 30 stocks across various sectors, effective from November 29, 2024. The new price bands are set at 10%, limiting the daily price fluctuation for these stocks. Prominent stocks such as Adani Total, Paytm, IRB Infra, and Union Bank of India, are part of the list.

Key Stocks Affected by the Revision

The revision impacts many prominent companies. Notable stocks affected by the change include:

• Adani Total
• Paytm
• LIC
• Jio Financial Services
• Zomato
• Angel One

Other significant names include

• DMart
• Cyient
• PB Fintech
• Union Bank of India
• IRB Infrastructure
• Oil India
• Indian Bank
• JSW Energy

Additional Stocks with Revised Price Bands

The updated price bands also affect a broader set of companies, such as:

• IRFC
• SJVN
• Delhivery
• CAMS
• CG Power
• KPIT Technologies
• Tata Elxsi
• NHPC
• Poonawalla Fincorp
• Prestige Estates

Other companies included in the revision are

• Sona BLW
• APL Apollo Tubes
• HUDCO
• Jindal Stainless
• Kalyan Jewellers
• KEI Industries
• Max Healthcare

Retail and Consumer Segment Updates

In the retail and consumer sectors, several key companies are part of the updated list, including:

• Nykaa
• Supreme Industries
• Tube Investments
• Yes Bank
• Varun Beverages

These revisions aim to control price volatility in the market, ensuring stable trading activity.

Background: BSE’s Daily Price Band Mechanism

Previously, BSE implemented a daily price band mechanism, which limits how much a stock’s price can move within a single day. The price movement limits were set at 20%, 10%, 5%, or 2% based on pre-determined criteria.

Introduction of New Long-Duration Price Band Framework

In addition to the daily price band mechanism, BSE has introduced a new long-duration price band framework for stocks traded exclusively on its equity trading platforms. This includes SME and SME ITP platforms. Under this framework, stocks with higher daily price bands will have wider permissible price movement over longer durations, as outlined below:

• 20% daily price band:
  • 60% weekly movement
  • 100% monthly movement
  • 200% quarterly movement
  • 400% yearly movement
• 10% daily price band:
  • 30% weekly movement
  • 60% monthly movement
  • 100% quarterly movement
  • 200% yearly movement
• 5% daily price band:
  • 20% weekly movement
  • 30% monthly movement
  • 60% quarterly movement
  • 100% yearly movement
• 2% daily price band:
  • 10% weekly movement
  • 20% monthly movement
  • 30% quarterly movement
  • 50% yearly movement

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.